EDP Renováveis secures a PPA for 59 MW in Spain
Madrid, April 21st 2020: EDP Renováveis, S.A. (“EDPR”), through its subsidiary EDP Renovables España S.L.U., has secured a Power Purchase Agreement (“PPA”) with Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, to sell electricity to be produced by a portfolio of 59 MW of renewable energy. The portfolio comprises 1 wind farm and 2 solar power plants, with the green energy generated avoiding 45 kt of CO2 emissions per year. The 16 MW wind farm project and 43 MW solar power plants are expected to be installed in 2022/23.
With this new contract, in Spain, EDPR has already secured PPAs for projects totaling 148 MW to be installed from 2020 to 2023.
As of today, EDPR has secured 80% of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the Strategic Update on March 2019. EDPR will continue to analyse and develop projects that meet its internal risk and profitability criteria.
EDP Renováveis, S.A.
Note: 1) equivalent to 76 MWdc ; 2) equivalent to 60 MWdc